PDF OneMain Financial Issuance Trust 2016-3 MONTHLY SERVICER REPORT
OneMain Financial Issuance Trust 2016-3 MONTHLY SERVICER REPORT
COLLECTION PERIOD Beginning Date Ending Date Payment Date Transaction Month 30/360 Days
Original Deal Parameters
Initial Cut-Off Date: Closing Date:
Initial Loan Principal Balance:
Class A Notes Class B Notes Class C Notes Class D Notes Aggregate Note Principal Balance
Overcollateralization Amount Initial Loan Principal Balance:
Note and Loan Action Date Aggregate Principal Balance Information
Class A Notes Class B Notes Class C Notes Class D Notes Aggregate Note Principal Balance
Pool Information Weighted Avg. Coupon (WAC) Weighted Avg. Loan Remaining Term (WALRT) Loan Action Date Aggregate Principal Balance Number of Loans
Loan Action Date Aggregate Principal Balance Beginning Loan Action Date Aggregate Principal Balance
Loan Principal Balance Reductions Charge-Offs Terminated Loans Renewal Loans Other Customer Charges Net Increase/Decrease Additional Loan Purchases De-designated previously Excluded Loans Excluded Loans Exchanged Loans Excluded Ineligible Loans De-Designated previously Excluded Ineligible Loans Replacement Loans Repurchased Loans Reassigned Loans
Ending Loan Action Date Aggregate Principal Balance
Excluded Ineligible Loans
Beginning Excluded Ineligible Loans Additional Designated Excluded Ineligible Loans De-designated Excluded Ineligible Loans
Total Excluded Ineligible Loans
Additional Loans
Hard Secured Loan Percentage Requirement: FICO ? score less than 541 FICO ? score 541 to 579
6/3/2016 6/7/2016
Dollars
No of Loans
$
396,938,504.18
57,091
WAC 26.14%
WALRT 46
Note Balance
% of Loan Prin Bal
$
248,700,000.00
62.65%
$
38,710,000.00
9.75%
$
29,530,000.00
7.44%
$
33,060,000.00
8.33%
$
350,000,000.00
88.17%
Interest Rate 3.83% 5.61% 6.86% 7.50%
Stated Maturity Date 6/18/2031 6/18/2031 6/18/2031 6/18/2031
$
46,938,504.18
11.83%
$
396,938,504.18
100.00%
2/1/2017 2/28/2017 3/20/2017
9 30
Beginning of Period
Note Balance
Note Factor
$
248,700,000.00
1.00000
$
38,710,000.00
1.00000
$
29,530,000.00
1.00000
$
33,060,000.00
1.00000
$
350,000,000.00
1.00000
25.55%
43
$
394,896,516.15
58,043
$
394,896,516.15
$
(10,755,825.23)
$
(3,836,425.17)
$
(4,812,629.62)
$
6,672,435.57
$
2,747.50
$
13,261,623.72
$
-
$
-
$
-
$
-
$
-
$
-
$
(6,889.75)
$
-
$
395,421,553.17
Interest Rate 3.83% 5.61% 6.86% 7.50%
End of Period
Note Balance
Note Factor
$
248,700,000.00
1.00000
$
38,710,000.00
1.00000
$
29,530,000.00
1.00000
$
33,060,000.00
1.00000
$
350,000,000.00
1.00000
25.82%
43
$
395,421,553.17
58,651
Interest Rate 3.83% 5.61% 6.86% 7.50%
Change
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
Amount
% of Additional Loans
Trigger
$
-
0.00%
0%
$
523,637.96
41.72%
20%
Page 1 of 4
Compliance
Yes Yes
OneMain Financial Issuance Trust 2016-3 MONTHLY SERVICER REPORT
Collections
Principal and Interest Collections on Loans (other than Renewals)
$
Renewal Loan Replacement Purchase Price
$
Principal and Interest used for Servicing Fee
Repurchase Proceeds related to Principal
$
Collection of Fees and other Misc. Charges
$
Recoveries/Liquidation Proceeds
$
Total Loan Collections
$
Collection Account Interest
$
Principal Distribution Account Interest
$
Reserve Account Interest
$
Reserve Draw Amount
$
Total Collections
$
Less: Withdrawn/Retained Collections and Recoveries/Liquidation Proceeds in respect to Excluded Ineligible Loans
Total Collections available for Distribution to Noteholders
$
Distributions
Indenture Trustee/Account Bank/Note Registrar/Owner
Trustee/Back-up Servicer(expenses)/Depositor Loan
Trustee/Issuer Loan Trustee
$
Indemnification Amounts up to Indemnity Cap
$
Back-Up Servicer Fees and Servicing Transition costs
$
Servicing Fee
$
Class A Monthly Interest Amount
$
First Priority Principal Payment
$
Class B Monthly Interest Amount
$
Second Priority Principal Payment
$
Class C Monthly Interest Amount
$
Third Priority Principal Payment
$
Class D Monthly Interest Amount
$
Fourth Priority Principal Payment
$
Required Reserve Amount
$
Servicer Advance Repayment
$
Regular Principal Payment Amount
$
Additional Transaction Fees
$
Unpaid Indemnification Amounts
$
Residual released to Principal Distribution Account
$
Residual released to Depositor
$
Residual released to Collection Account
$
Total
$
Reserve Account
Beginning Period Reserve Account Amount
$
Reserve Draw Amount
$
Reserve Deposit Amount
$
Ending Period Reserve Account Amount
$
Change in Reserve Account Balance
$
Required Reserve Account Amount
$
Principal Distribution Account
Beginning Period Principal Distribution Account Amount Principal Distribution Draw Amount Ending Principal Distribution Account Amount Prior to Payment Waterfall
Principal distribution Deposit Amount Distribution to Noteholders (except during Revolving Period)
Class A Noteholders Class B Noteholders Class C Noteholders Class D Noteholders Purchase of Loans on Payment Date Ending Period Principal Distribution Account Amount Change in Principal Distribution Account Amount
18,150,712.17 (1,859,805.95) (1,123,964.32)
6,889.75 98,209.20 17,671.04 15,289,711.89
8,677.12 -
1,980.51
3,910,270.78
19,210,640.30
19,210,634.30
Amount
Amount Paid
Shortfall
Carryover Shortfall
Remaining Available Funds
1,000.00 $ -$
10,000.00 $ -$
793,767.50 $ -$
180,969.25 $ -$
168,813.17 $ -$
206,625.00 $ -$
3,910,270.78 $ -$ -$ -$ -$
13,261,623.72 $ 677,570.88 $ -$
19,210,640.30 $
1,000.00 $ -$
10,000.00 $ -$
793,767.50 $ -$
180,969.25 $ -$
168,813.17 $ -$
206,625.00 $ -$
3,910,270.78 $ -$ -$ -$ -$
13,261,623.72 $ 677,570.88 $ -$
19,210,640.30 $
-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -
19,209,640.30 19,209,640.30 19,199,640.30 19,199,640.30 18,405,872.80 18,405,872.80 18,224,903.55 18,224,903.55 18,056,090.38 18,056,090.38 17,849,465.38 17,849,465.38 13,939,194.60 13,939,194.60 13,939,194.60 13,939,194.60 13,939,194.60
677,570.88 -
3,910,270.78 (3,910,270.78) 3,910,270.78 3,910,270.78
-
3,910,270.78
Amount
$
-
$
-
$
-
$
13,261,623.72
$
-
$
-
$
-
$
-
$
-
$
(13,261,623.72)
$
-
$
-
Page 2 of 4
OneMain Financial Issuance Trust 2016-3 MONTHLY SERVICER REPORT
Overcollaterialization
Loan Action Date Aggregate Principal Balance Amounts on Deposit in the Principal Distribution Account Aggregate Note Principal Balance
Total Overcollateralization Amount
Required Overcollateralization Amount
Overcollateralization Event:
$
395,421,553.17
$
-
$
350,000,000.00
$
45,421,553.17
$
41,027,077.70
No
Delinquency
Current One Payment Past Due Two Payments Past Due Three Payments Past Due Four thru Six Payments Past Due Seven or More Payments Past Due Total
% of Loan Principal
Loan Principal Balance
Balance
$
376,069,435.51
95.11%
$
5,526,504.00
1.40%
$
3,683,198.69
0.93%
$
3,335,333.49
0.84%
$
6,798,966.49
1.72%
$
8,114.99
$
395,421,553.17
100.00%
Charged-Off Loans
Beginning Adjusted Loan Principal Balance
$
385,359,195.82
Charged-Off Loans Recoveries
Net Charged-Off Loans
$
(3,836,425.17)
$
17,671.04
$
(3,818,754.13)
Monthly Net Loss percentage Annualized Monthly Net Loss percentage annualized for 1st Preceding Collection Period Monthly Net Loss percentage annualized for 2nd Preceding Collection Period
11.89% 9.17% 9.15%
Three (3) Month Average Monthly Net Loss Percentage
10.07%
# of Loans
% of # of Loans
55,924
95.35%
792
1.35%
521
0.89%
477
0.81%
936
1.60%
1
58,651
100%
Reinvestment Criteria Events
Original FICO ? Score Range No FICO ? Score FICO ? Score less than 541 FICO ? Score less than 581 FICO ? Score less than 621
Loan Current Deferral Limitation AOT Origination State Concentration
Top Origination State Top three (3) Origination States Weighted Average Coupon Weighted Average Loan Remaining Term
Overcollateralization Event: Reinvestment Criteria Event Reinvestment Criteria Event for 1st Preceding Collection Period Reinvestment Criteria Event for 2nd Preceding Collection Period
Amortization Events
3 Monthly Net Loss percentages Annualized 3 Consecutive Month Reinvestment Criteria Event Servicer Default
Amount
%
Trigger Level
$
165,531.71
0.04%
$
5,240,706.58
1.33%
$
43,801,191.21
11.08%
$
145,466,514.25
36.79%
1.00% 13.0% 32.0% 77.0%
$
6,954,688.58
1.76%
$
16,688,647.76
4.22%
10.00% 12.50%
$
43,874,558.92
11.10%
$
99,257,760.88
25.10%
15.0% 40.0%
25.82%
22.00%
43
50
Amount
$
45,421,553.17
No
Trigger Level
$
41,027,077.70
No No No
Amount 10.07%
Trigger Level 17.00%
Page 3 of 4
Compliance
Yes Yes Yes Yes
Yes Yes
Yes Yes Yes Yes Compliance Yes Yes Yes Yes
Amortization Event No No No
................
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